McGRATH RENTCORP MGRC Income Statement

Mcgrath rentcorp (MGRC)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues
Rental
89,506	92,231	90,857	88,105	82,696	85,091	82,155	77,267	74,261	77,705	73,781	69,953	67,978	70,352	67,757	66,747	66,532	70,694	70,195	67,305	65,502	71,694	69,642	65,809	62,430	66,181	65,941	63,043	60,601	65,117	63,418	60,389	59,520	62,798	60,964	57,118	54,026	52,674	47,851
Rental related services
24,511	24,300	30,816	24,467	21,455	22,110	23,880	19,086	17,831	19,481	21,856	18,796	17,935	18,831	20,122	19,315	17,591	18,858	21,862	17,227	15,367	17,603	17,871	15,146	13,512	13,784	15,858	12,661	10,845	12,217	13,010	11,028	10,665	10,870	10,737	9,387	8,492	10,401	8,201
Rental operations
114,017	116,531	121,673	112,572	104,151	107,201	106,035	96,353	92,092	97,186	95,637	88,749	85,913	89,183	87,879	86,062	84,123	89,552	92,057	84,532	80,869	89,297	87,513	80,955	75,942	79,965	81,799	75,704	71,446	77,334	76,428	71,417	70,185	73,668	71,701	66,505	62,518	63,075	56,052
Revenues
15,436	30,690	51,889	14,867	17,857	25,914	37,112	20,630	12,993	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues
129,453	147,221	173,562	127,439	122,008	133,115	143,147	116,983	105,085	122,227	135,388	109,582	94,837	105,283	121,993	103,105	93,699	105,282	113,048	96,026	90,188	111,792	113,025	95,745	87,560	94,801	108,839	87,156	88,713	101,915	99,430	83,765	78,929	85,252	104,872	79,509	73,037	83,204	66,523
Costs and Expenses
Direct costs of rental operations:
Depreciation of rental equipment
21,638	21,169	20,535	19,726	18,961	18,852	18,407	18,103	17,777	17,795	17,492	17,242	17,379	17,607	17,819	18,231	18,540	18,706	18,809	19,016	18,682	18,559	18,298	17,924	17,897	17,747	17,233	16,626	16,602	16,583	16,163	15,672	15,401	15,393	15,357	14,842	14,595	14,109	13,786
Rental related services
18,263	18,734	23,007	18,137	16,363	16,894	18,618	15,018	13,768	15,273	16,611	14,312	13,833	15,161	16,026	14,677	13,180	16,542	15,802	12,901	11,899	13,670	13,506	11,366	10,307	10,598	11,278	9,391	8,922	9,391	10,252	9,011	8,553	8,491	8,321	7,139	6,741	8,335	6,060
Other
19,453	18,237	19,654	21,741	19,733	15,982	17,674	18,753	16,269	18,678	15,396	16,039	15,359	13,594	14,689	16,020	15,827	13,042	14,032	16,226	15,211	13,253	14,955	15,188	13,550	12,815	16,361	13,484	12,357	11,725	12,698	10,718	10,440	9,380	10,274	10,665	9,540	12,097	9,777
Total direct costs of rental operations
59,354	58,140	63,196	59,604	55,057	51,728	54,699	51,874	47,814	51,746	49,499	47,593	46,571	46,362	48,534	48,928	47,547	48,290	48,643	48,143	45,792	45,482	46,759	44,478	41,754	41,160	44,872	39,501	37,881	37,699	39,113	35,401	34,394	33,264	33,952	32,646	30,876	34,541	29,623
Costs of sales
8,443	18,084	32,084	7,954	9,946	16,284	24,398	11,181	7,101	15,792	27,114	12,778	4,596	9,598	23,026	10,421	5,497	10,236	14,259	6,965	5,309	14,106	16,968	9,188	7,168	8,982	18,778	7,486	11,834	20,212	16,677	7,584	4,700	7,749	23,622	7,525	6,245	14,613	6,372
Total costs of revenues
67,797	76,224	95,280	67,558	65,003	68,012	79,097	63,055	54,915	67,538	76,613	60,371	51,167	55,960	71,560	59,349	53,044	58,526	62,902	55,108	51,101	59,588	63,727	53,666	48,922	50,142	63,650	46,987	49,715	57,911	55,790	42,985	39,094	41,013	57,574	40,171	37,121	49,154	35,995
Gross profit
61,656	70,997	78,282	59,881	57,005	65,103	64,050	53,928	50,170	54,689	58,775	49,211	43,670	49,323	50,433	43,756	40,655	46,756	50,146	40,918	39,087	52,204	49,298	42,079	38,638	44,659	45,189	40,169	38,998	44,004	43,640	40,780	39,835	44,239	47,298	39,338	35,916	34,050	30,528
Selling and administrative expenses
31,954	32,749	31,534	30,815	29,695	29,937	28,226	29,479	28,128	27,903	28,489	27,365	27,848	26,627	26,201	25,683	26,397	25,289	24,996	24,453	25,212	25,408	24,200	23,840	23,411	22,952	22,383	21,792	21,638	22,906	20,848	21,163	21,361	20,889	19,992	18,624	18,622	16,569	16,949
Income from operations
29,702	38,248	46,748	29,066	27,310	35,166	35,824	24,449	22,042	26,786	30,286	21,846	15,822	22,696	24,232	18,073	14,258	21,467	25,150	16,465	13,875	26,796	25,098	18,239	15,227	21,707	22,806	18,377	17,360	21,098	22,792	19,617	18,474	23,350	27,306	20,714	17,294	17,481	13,579
Other income (expense):
Interest expense
2,652	2,924	3,161	3,138	3,108	3,164	3,142	2,999	2,992	2,898	2,986	2,949	2,789	2,721	2,940	2,990	3,556	2,910	2,444	2,347	2,391	2,356	2,386	2,335	2,203	6,475	-2,148	2,157	2,203	-16,016	2,312	2,382	2,173	2,119	2,051	1,954	1,482	1,632	1,506
Gain on sale of property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	812	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency exchange (loss) gain
-436	130	-132	37	49	16	-129	-344	-32	61	36	11	226	-180	-15	-77	151	-34	-201	-85	-168	-218	-103	78	-88	-	21	-23	-	-	-	-	-	-	-	-	-	-	-
Income before provision for income taxes
26,614	35,454	43,455	25,965	24,251	32,018	32,553	21,106	19,018	23,949	27,336	18,908	13,259	19,795	21,277	15,006	10,853	18,523	22,505	14,033	11,316	24,222	22,609	16,794	12,936	19,341	20,679	16,197	15,157	18,851	20,480	17,235	16,301	21,231	25,255	18,760	15,812	15,849	12,073
Provision for income taxes
6,455	9,053	10,987	6,477	5,802	7,769	7,774	5,194	4,552	-93,775	10,574	7,447	5,286	10,061	8,405	5,927	4,287	7,005	8,889	5,543	4,470	10,335	8,863	6,589	5,065	7,580	8,106	6,349	5,942	6,915	8,029	6,756	6,390	8,004	9,900	7,354	6,198	6,149	4,685
Net income
20,159	26,401	32,468	19,488	18,449	24,249	24,779	15,912	14,466	117,724	16,762	11,461	7,973	9,734	12,872	9,079	6,566	11,518	13,616	8,490	6,846	13,887	13,746	10,205	7,871	11,761	12,573	9,848	9,215	11,936	12,451	10,479	9,911	13,227	15,355	11,406	9,614	9,700	7,388
Earnings per share:
Basic
0.83	1.09	1.34	0.80	0.76	1.00	1.03	0.66	0.60	4.90	0.70	0.48	0.33	0.40	0.54	0.38	0.28	0.47	0.54	0.33	0.26	0.54	0.53	0.39	0.31	0.46	0.49	0.39	0.37	0.48	0.50	0.42	0.40	0.54	0.63	0.47	0.40	0.41	0.31
Diluted
0.81	1.07	1.32	0.79	0.75	0.99	1.01	0.65	0.59	4.84	0.69	0.48	0.33	0.41	0.54	0.38	0.27	0.47	0.54	0.32	0.26	0.53	0.53	0.39	0.30	0.45	0.48	0.38	0.36	0.47	0.50	0.42	0.39	0.53	0.62	0.46	0.39	0.40	0.31
Shares used in per share calculation:
Basic
24,292	24,291	24,268	24,246	24,195	24,180	24,172	24,145	24,067	24,046	24,015	23,985	23,950	23,927	23,911	23,900	23,862	23,909	25,334	26,142	26,091	26,002	25,953	25,912	25,789	25,726	25,649	25,354	25,003	24,847	24,785	24,765	24,639	24,436	24,362	24,340	24,258	23,936	23,924
Diluted
24,738	24,741	24,632	24,579	24,540	24,535	24,563	24,584	24,478	24,524	24,228	24,092	24,232	24,003	24,041	23,949	23,911	23,871	25,408	26,273	26,276	26,098	26,152	26,220	26,230	26,356	26,095	25,818	25,435	25,186	25,106	25,149	25,183	24,919	24,719	24,742	24,660	24,173	24,201
Cash dividends declared per share
0.42	0.37	0.37	0.37	0.37	0.34	0.34	0.34	0.34	0.26	0.26	0.26	0.26	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.24	0.24	0.24	0.24	0.24	0.24	0.24	0.24	0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.22	0.22
Sales [Member]
Revenues
14,366	28,842	50,855	13,707	16,825	24,896	36,085	19,546	12,091	24,334	38,684	20,187	8,295	15,494	33,486	16,396	9,034	15,204	20,426	10,968	8,787	22,042	24,998	14,170	11,038	14,257	26,515	10,906	16,765	24,126	22,382	11,830	8,106	11,176	32,783	12,489	9,934	19,640	9,958
Other [Member]
Revenues
1,070	1,848	1,034	1,160	1,032	1,018	1,027	1,084	902	707	1,067	646	629	606	628	647	542	526	565	526	532	453	514	620	580	579	525	546	502	455	620	518	638	408	388	515	585	489	513